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- Oba
10 years of FIF
I have a friend who works in this industry and he told me about Bunge, did a bit of research and I liked everything that I was reading. It has a decent 5.8% div yield, solid balance sheet, and is in an industry where I do not have exposure and which seems to be a safe bet even in downturns (agriculture), I mean nothing is safe, but s&p is down 16% pre-corona and i got in at this at almost 40% down from pre-rona. Either I am losing my mind or there is something very wrong here, if rest of s&p is down only 16%, why tf is a company that is in Agriculture down 40%?
I understand the reasoning to some extent, its depression and all, but if this is down 40%, how low should brick and mortar coffee shops be? Or restaurants? Oreverything else minus tech and healthcare
update, china just posted fucking outlandish numbers in exports.
Trinh Nguyen
@Trinhnomics
China April exports rose +8.2%YoY in CNY vs estimate of a contraction!!!
Imports fell -14.2%YoY so that's bad news for the rest of Asia & world!!!
yeah man those exports seem to high unless theres a huge portion of masks and vents in there, but i doubt that since rest of the world only really needed them towards end of q1.
Still going over bunge s numbers but it looks good thus far not a industry i m too familiar with so it ll take me a bit longer. You already entered? Seeing them down almost 10% after earnings i m not sure i should listen in to the call.
Man valuations are beyond fucked unless the only inflation we find is in the stock market....
Also on tech i still think people are getting fooled look at lyft s presentation yesterday I mean yes their Q1 rev growth was great but we al know q2 is gonna be shit with rides down some 50% an their cash burn is still huge and profitability is no where in sight 15% up pre market wtf are people smoking?
On top of that cali just said it wont accept uber and lyfts hiring strategies any more and wants drivers to be employees from here on out.....
Therefore people might be finally waking up to the fraud that carvana is after another round of shitty results.
I really wonder whether we should just say fuck it and buy Hype stocks with very little value? Like W, Shopify, Bynd, Etsy, Tesla, Carvana...
Everything in me screams no but it looks like the market does not care that most of their business models seem unsustainable, i m not saying their all worthless but sure as hell their not worth the market cap they currently combine for 253.23 bio. i ll give em maybe half of that and thats still very generous.
Ferrari is also another weird case a company with very limited growth opportunities in it s main market(selling supercars) trading at 51 P/e..
Side note: https://www.ft.com/content/e2d7f424-8eb6-11ea-9e12-0d4655dbd44f
FT is killing it man their reporting has been so much better than any other news paper i m paying for WSJ has nothing on em it s almost scary how much better they are.
Edit just saw piper sandler downgraded:Lyft
while GS downgraded Shop I guess investors gonna ignore both but still good to see.
Also euronav CEO: over 100 tankers currently storing crude world wide.
Can the rest of the investment world realize that and pump up my euronav stock or do i have to wait till earnings?
Edit: Reading this: https://www.wsj.com/articles/the-glut-drowning-the-oil-market-11588843801?mod=hp_lead_pos5
and seeing oil prices back at 25 makes 0 sense... gonna be a hell of a ride from here on out till settlement.
edit: https://www.sec.gov/ix?doc=/Archives/edgar/data/914208/000091420820000297/ivzform8-k05062020.htm LOL invesco forgot to rebalance it s sp 500 fund
Us adds another 3.2 mio jobless claims this week meanwhile futures up 1.3%
Bulls: well thats half the unemployment claims we had in the worst week in march so we should be good....
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